Liquidity Provider Programs

Cboe Europe Equities (Cboe) has two Liquidity Provider Programs that apply to ETFs and securities on the Cboe order books. Participants can choose to participate for either one or both of these programs.

Registered LPs can request to have an ETF or security made eligibly for the program if not already available. A list of the eligible securities is available here.

Registered Liquidity Providers for ETFs (as of Sept. 2015)

Virtu Financial Ireland Ltd

Optiver V.O.F.

Participants must post and maintain executable quotes on the integrated order book(s) for the chosen securities and complying with the time, size and price requirements, as set out in the table below:

Required Size*

Specified Price %

Required Time

Program 1

€5,000

0.25%

80%

Program 2

€5,000

As per RLP commitment

95%

Features of the LPP

A broad range of eligible securities

Straightforward application process

Ability to select or update registered securities via website login

Registered liquidity providers can either register in a portfolio of their chosen securities or quickly select a specific index or market segment